The Option Value of Innovative Treatments for Metastatic Melanoma
Thornton Snider Julia,
Tebeka Mahlet Gizaw,
Wu Yanyu and
Batt Katharine ()
Additional contact information
Wu Yanyu: Precision Health Economics, Los Angeles, CA, USA
Batt Katharine: Wake Forest University Baptist Medical Center, Department of Internal Medicine, Section of Hematology/Oncology, Medical Center Boulevard, Winston-Salem, NC 27157, USA, Tel.: +336-716-5772
Forum for Health Economics & Policy, 2018, vol. 21, issue 1, 10
Treatment options in oncology have increased in recent years due to the quick pace of innovation. In the cancer care landscape, therapies that enable patients to live to the next innovation have additional value, “option value,” from the benefit of surviving to the next innovation. In such disease areas, providers and payers should consider this value when gauging the value of new therapies. The purpose of this study is to develop a model to estimate the additional survival patients attain from a therapy that allows them to live to benefit from further advances in care, and to apply the model to immunotherapy for metastatic melanoma.
Keywords: health technology assessment; immunotherapy; innovation; life expectancy; oncology; option value (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
https://www.degruyter.com/view/j/fhep.2018.21.issu ... -0014.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:bpj:fhecpo:v:21:y:2018:i:1:p:10:n:1
Ordering information: This journal article can be ordered from
Access Statistics for this article
Forum for Health Economics & Policy is currently edited by Dana Goldman
More articles in Forum for Health Economics & Policy from De Gruyter
Bibliographic data for series maintained by Peter Golla ().